Funding rates, open interest and long/short ratio
How leveraged are traders right now, and on which side? Funding shows who pays to keep their position open, open interest shows how much leveraged money is in the market, and the long/short ratio shows how traders are positioned. Live data from Binance, Bybit and OKX, updated every 2 minutes.
| Exchange | Funding | Per year | Next funding | Open interest |
|---|
Combine it with the liquidation map and the liquidation price calculator.
How to read it
What is the funding rate?
A small payment exchanged every 8 hours between longs and shorts in perpetual futures. When it is positive, longs pay shorts (more demand to be long); when it is negative, shorts pay longs.
What does open interest mean?
The total value of open futures positions. Rising open interest means new money and leverage are entering; falling open interest means positions are being closed or liquidated.
What is the long/short ratio?
The number of long positions divided by short ones. Above 1 means more longs than shorts. 'Top traders' counts the positions of the biggest accounts on Binance; 'all accounts' counts every user.
Is a high funding rate bullish?
Not necessarily. Very high funding means many traders are already long with leverage, which makes a sharp drop (long squeeze) more likely. Very negative funding often comes before short squeezes.